Category: Asean

Singapore raises income tax rates for top 5 per cent – and Malaysia?

One of the factors contributing to the persistent fiscal deficit in Malaysia has been the deliberate and gradual reduction of income tax rates over the years.

From a fairly progressive tax system, Malaysia has moved towards a regressive tax system. The government has trimmed the tax rates for the rich and super-rich over the years.

Singapore is now bucking the trend by raising income tax rates for high-earners by 2 per cent.

(more…)

More

Bukit Mertajam in spotlight – for the wrong reasons

A few news items caught my attention recently.

The first one is datelined Bukit Mertajam, the link for which I put up recently:

Trafficking abuse of Myanmar Rohingya spreads to Malaysia

The United States recently downgraded Malaysia and three other countries to Tier 3 – the lowest possible ranking – in its annual Trafficking of Persons (TIP) Report due to insufficient action taken to prevent human trafficking and forced labour. We are in the same group as Zimbabwe, North Korea and Saudi Arabia! See this Guardian report: ‘US penalises Malaysia for shameful human trafficking record’.

And the second revelation is about dead bodies, some of them reportedly foreigners, found dumped in and around the Bukit Mertajam area:

Penang fast becoming a state where there is no peace for the dead! (more…)

More